Although there is still no official release on Tangerine's new credit card: Money-Back credit card, there are some gossip online about this credit card:
- No fee MasterCard
- Probably it will be released in Nov/Dec
- gives 2% cash-back on purchases in two categories of your choice (for instance electronics and personal care),
- 1% cash-back on all other purchases.
- deposit your money-back rewards into your Tangerine Savings Account and receive a third category (like recurring bill payments) at 2% cash-back.
- rewards are paid out automatically at the end of each month.
NOTE: this is just rumor. no official release of this card yet.